Income Tax Summary Notes For Ay 2020 21 Pdf
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Income tax summary notes for ay 2020 21 pdf. 5 crores to rs. This pdf format is relevant for may 2019 examination and amended for may 2019 examination. The most comprehensive guide for all income tax deductions section 80c to section 80u covered in chapter vi a of income tax for the fy 2019 20 ay 2020 21 many of you may be aware that investments can help you save tax but what you may not be aware of is that income tax department gives tax benefits for incurring some personal expenses as. 4 of income tax and surcharge.
You can use this pdf for a short revision of income tax law and by using this short notes of income tax you can revise income tax in a very short time. Other files by the user. Ca final ind as brief summary top questions compiler for nov 20 may 21 exams click here special 50 off on premium notes offer ending soon ca inter taxation brief pdf notes for nov 2020 exams click here. The following income shall be charged to tax only under the head income from other sources.
4 of income tax and surcharge. Premium pdf material. 15 of income tax where total income exceeds rs. 1 crore to rs.
This book deals with the law of taxation or income tax laws. 12 of tax where total income exceeds rs. Ca intermediate ipcc income tax short notes in pdf is colourful pdf which is issued by icai. 10 of income tax where total income exceeds rs.
Share on linkedin. Share on facebook. A partnership rm including llp is taxable at 30. Share on twitter.
Income tax refers to the tax you pay. Income tax slab rates 2020 21 pdf income tax slab rates 2020 income tax slab rates charts tables for fy 2020 21 ay 2020 21 income tax department official website. Any item of income chargeable to tax but does not fall within the ambit of the other four specific heads of income shall be included under this head of income. This book is useful for ca ipcc group 1 students and for b a llb 3rd year students.
Income tax laws text book pdf. After budget 2019 speech here is summary of income slabs deductions under income tax which will be applicable from 1 4 2020 i e for ay 2020 21 return filling. Excel based computation chart xlsx submitted by. Income from other sources is a residuary head of income.
50 lakhs to rs. Chargeability section 56. Surcharge is levied on the amount of income tax at following rates if total income of an assessee exceeds specified limits rate of surcharge assessment year 2021 22 assessment year 2020 21 range of income range of income rs. On 20 july 2020.